When Hurricane Helene struck in late September, it flooded the largest IV fluid factory in the United States. The Baxter International facility in western North Carolina had been producing 1.5 million IV bags a day, 60 percent of the nation’s supply. The company immediately began rationing its products, and the shortage sent ripples through the…
Merck is acquiring global rights to a bispecific antibody from LaNova Medicines that blocks two cancer targets, PD-1 and VEGF. The deal comes one day after BioNTech announced an $800 million acquisition that gives it full rights to a molecule in this hot class of cancer drug candidates. The post Merck Is Paying $588M for…
McMINNVILLE, Tenn. — Each month, Michelle Shaw went to a pain clinic to get the shots that made her back feel worse — so she could get the pills that made her back feel better. Shaw, 56, who has been dependent on opioid painkillers since she injured her back in a fall a decade ago,…
Certified clinicians and therapists have specific ethical foundations and analytic responsibilities to uphold that might not apply to all members of the healthcare field. The post Understanding the Ethics of AI in ABA Therapy appeared first on MedCity News.
Function Health raised a $298 million Series B round, pushing its valuation into unicorn territory at $2.5 billion. The Austin-based startup offers subscribers access to more than 160 lab tests, as well as imaging. The post Function Health Hits $2.5B Valuation With $298M Series B appeared first on MedCity News.
President Donald Trump signed legislation that mandates some Medicaid recipients prove they’re working, volunteering, or completing other qualifying activities at least 80 hours a month to maintain coverage. This applies to 40 states (plus Washington, D.C.) that have expanded Medicaid to a broader pool of low-income adults. Those states will share $200 million to prepare…
The first major update to HIPAA in more than a decade will eliminate the distinction between “required” and “addressable” safeguards, making key cybersecurity and physical security measures mandatory for all healthcare providers. This shift will expose gaps in hospitals’ fragmented security systems, though, according to Kumar Sokka, CEO of cybersecurity platform Acre Security. The post…
Clinical care facility leaders must ensure personal protective equipment (PPE), especially lead aprons, are not just superficially clean, but clinically safe for patients and clinicians alike. The post Why “Cleaning” Wipes Are Not Enough: Protecting Patients and Clinicians by Keeping Lead Aprons Truly Clean appeared first on MedCity News.
Here is a selection of recent executive hires, exits, promotions and layoffs occurring across the healthcare industry. The post Healthcare Moves: A Monthly Summary of Hires and Layoffs appeared first on MedCity News.
While Congress considers potentially massive cuts to federal Medicaid funding, tribal health leaders are bracing for a crisis. Indian Country has a unique relationship to Medicaid, because the program helps tribes cover chronic funding shortfalls left by the Indian Health Service, the federal agency responsible for providing health care to Native Americans. With the related…